Daily Newsletter: Republicans Respond to President's Housing Speech; Distressed Loans at 5yr Low; Big Fannie Earnings put Taxpayer Payback Over $100 bln; Rates Fall

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30 Year Fixed 4.43%   -0.04 15 Year Fixed 3.63%   -0.03 10YR Treasury 2.59%   -0.0094 FNMA 30YR 3.5 101.13   +0.23 FNMA 15YR 2.5 103.06   +0.13 View Today's Rates

Thursday August 8, 2013 MND NewsWire - 10:46AM Republicans Respond to Obama Speech, Dismissing Need for Government Guarantee Republican members of the House Financial Services Committee claimed leadership in the area of housing finance reform in the wake of President Obama's speech on the subject in Phoenix ... MND NewsWire - 1:32PM Distressed Loans Hit Five Year Lows; Delinquencies Down for all but FHA Loans Distressed loans fell to the lowest level in five years during the second quarter the Mortgage Bankers Association (MBA) said today. Both delinquencies and loans in foreclosure saw ... MND NewsWire - 10:42AM Strong Fannie Earnings Bring Taxpayer Recompense Over $100 billion Fannie Mae reported this morning that it posted its sixth consecutive quarterly profit in the second quarter of 2013 and will pay taxpayers a $10.2 billion dividend in September. That ... Mortgage Rate Watch - 5:34PM Mortgage Rates at Best Levels in Several Weeks Mortgage rates moved lower again today , hitting their best levels since July 23rd. That achievement is mostly a factor of what has been an extremely flat rate environment for the past ... State-Level Lending Changes; How Long to Keep LO Web Ads MBS RECAP: Coasting Out Near Best Levels; Uneventful Post-Auction Freddie Mac Threatens Eminent Domain Suit Second Largest Profit Ever for Freddie Mac Fannie Mae says Consumers Taking New Interest Rates in Stride Reverse Mortgages in the News; the President's Mortgage Pan & MBA's response; FDIC Videos on Interest Rate Risk Latest Video JPM and PNC face mortgage securities investigations Mortgage rates holding steady Future of Fannie and Freddie More News from 'Around the Web' Reuters - 5:07PM Fed officials sing same song on cutting QE3 next month: Fisher www.cfpbmonitor.com - 5:05PM Federal financial regulatory agencies propose appraisal requirement exemptions for certain higher-priced mortgage loans CNBC - 5:03PM Gross: It'll take war to save bond investors Reuters - 4:16PM Cleveland Fed President Pianalto to retire in 2014 Bloomberg - 4:14PM Ellie Mae Said to Consider Sale, Interview Advisers - Bloomberg Bloomberg - 4:12PM Wells Fargo Must Face Mortgage Modification Suits - Bloomberg Bloomberg - 2:02PM PNC Gets Subpoena on Foreclosures as DOJ Pursues Mortgage Loans - Bloomberg freddiemac.mwnewsroom.com - 2:00PM Freddie Mac Releases Mid-Year Multifamily Outlook and Investment Index National Housing Conference - 2:00PM Does the upbeat news on home prices extend to housing affordability? Bloomberg - 1:50PM FHFA Says GSEs May Cease Business in Cities Using Eminent Domain - Bloomberg CNN - 1:50PM Taxpayer may soon profit on Fannie, Freddie bailouts WSJ - 12:34PM Fed's Fisher Says Bond Purchases Should Slow in September Reuters - 12:32PM U.S. probe eyes JPMorgan MBS, not Bear or WaMu bonds: source CNBC - 12:28PM Watch Rick Santelli: Kicking the tires on Europe's rebound FHFA - 12:08PM FHFA Statement on Eminent Domain freddiemac.mwnewsroom.com - 10:15AM Mortgage Rates Change Little CNBC - 10:15AM Are you not entertained? Pimco vows 'bond war' win NAR - 10:10AM International Clients are Upscale in their Housing Preferences Google News - 10:10AM Home Prices Pick Up Steam in Most Metro Areas during Second Quarter CNBC - 9:18AM Morning Six: Bond Wars! Today's Comments MND NewsWire - 1:09AM "Let me get this straight......we need to wind down Fan/Fred as soon as possible, AND simultaneously add non agency insured debt to their portfolios via HARP for loans not currently guaranteed by Fan/Fred?? Isn't that just a touch contradictory?..." MND NewsWire - 2:43PM "Call me a skeptic but if we unwind the agencies, who will buy these loans? HMMM- Wells? Wouldn't that be convenient! With supervision by the Fed? Sounds like a perfect storm to me!..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.43% -0.04 15 Yr FRM 3.63% -0.03 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.45% -0.02 5/1 Yr ARM 3.21% -0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.80% 1.17 -0.23 30 Yr. Fixed 3.58% 1.37 -0.19 MBA ** 30 Yr. Fixed 4.61% 0.42 +0.03 15 Yr. Fixed 3.66% 0.43 -0.01 30 Yr. Jumbo 4.64% 0.34 +0.00 30 Yr. FHA 4.33% 0.26 +0.03 5/1 ARM 3.39% 0.37 +0.00 Freddie Mac ** 30 Yr. Fixed 4.40% 0.70 +0.01 15 Yr. Fixed 3.43% 0.70 +0.00 1 Yr. ARM 2.62% 0.30 -0.02 5/1 Yr. ARM 3.19% 0.50 +0.01 Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. Secondary Markets MBS Price Change 30YR FNMA 3.0 97.20 +0.19 30YR FNMA 3.5 101.13 +0.23 30YR GNMA 3.0 98.28 +0.22 30YR GNMA 3.5 102.17 +0.17 15YR FNMA 3.0 103.06 +0.13 15YR FNMA 2.5 100.06 +0.13 Treasuries Yield Change 2 YR 0.3056% +0.0001 5 YR 1.3571% -0.0130 10 YR 2.5892% -0.0094 30 YR 3.6729% -0.0115 Prices as of: 8/8/2013 4:31PM EST Current MBS / Treasury Prices » MBS and Treasury data provided by Thomson Reuters. Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information. Secondary Marketing Managers: If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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